Increased likelihood of La Nina to benefit palm oil production: Golden Agri
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THE increasing likelihood of the La Nina weather phenomenon occurring will be positive for palm oil producers, said Golden Agri-Resources.
The world's second-largest palm oil producer also said that while it is expecting year-on-year growth in its fresh fruit bunches (FFB) production to taper off in the fourth quarter due to a high base effect last year, its overall FFB production is still expected to grow by 10-15 per cent this year, and up to 10 per cent in 2018.
La Nina typically brings higher rainfall in South-east Asia.
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